Agree Realty Balance Sheet Health
Financial Health criteria checks 2/6
Agree Realty has a total shareholder equity of $5.2B and total debt of $2.7B, which brings its debt-to-equity ratio to 51.7%. Its total assets and total liabilities are $8.0B and $2.8B respectively. Agree Realty's EBIT is $284.4M making its interest coverage ratio 3. It has cash and short-term investments of $16.5M.
Key information
51.7%
Debt to equity ratio
US$2.67b
Debt
Interest coverage ratio | 3x |
Cash | US$16.50m |
Equity | US$5.16b |
Total liabilities | US$2.84b |
Total assets | US$8.00b |
Recent financial health updates
No updates
Recent updates
Agree Realty Q2 Earnings: Still A Strong Buy In The Net Lease Sector
Jul 24Agree Realty: Potential Addition To Dividend Growth Portfolios
Jun 26Agree Realty Corporation: Elite-Level Business Metrics With Room To Further Outperform
May 25Agree Realty Q1 Earnings: Key Takeaways That Earn The Stock A Strong Buy
Apr 24Investment Spread And NAVPS Suggest Agree Is Fairly Valued
Apr 15Agree Realty: Why I Bought The 5.3% Yielding Commons
Mar 21Agree Realty: Better Growth Prospects Than Realty Income
Mar 01Agree Realty: Strong Performance In Q4, Good Financial Position (Rating Upgrade)
Feb 22W. P. Carey Vs. Agree Realty: Hell Hath No Fury Like An Income Investor Scorned
Feb 13Agree Realty: Who Else Is Backing Up The Truck With Me?
Jan 30Agree Realty: Off The Lows But Still A Long-Term Buy Candidate
Jan 08Agree Realty: A 5%-Yielding Monthly Dividend Payer On My Radar
Dec 14Agree Realty: 4.9% Yield, Monthly Payer, Great Preferreds
Dec 04Agree Realty And NNN REIT Q3: Solid Earnings Shows Why Both SWANs Are Great Buys Right Now
Nov 06Realty Income And Agree Realty: Less Dumb Than The Stereotypes
Oct 19Perception Is Not The Reality: 2 REITs I'm Buying All The Way Down
Oct 13Agree Realty: One Of The Best Picks For A High Interest Rate Environment
Sep 28Agree Realty: The Monthly Payer Is Absolutely Cheap But Relatively Expensive
Sep 14Agree Realty: Buy The Dip For The 4.8% Yield
Sep 08High Annualized Upside From Agree Realty At A Low Valuation
Aug 29Agree Realty: Putting Their Money Where Their Mouth Is
Aug 08Agree Realty: A Great Time To Buy The Dip
Jul 31Agree Realty: A Perfect Tenant Replacement Stock
Jul 11Cost Of Capital Advantage Makes Agree Realty A Better Value Than Spirit Realty
Jun 30Agree Realty: A Steady REIT Income Play
Jun 20Agree Realty: From Ugly REIT Duckling To Super SWAN
Jun 14Agree Realty: Not Worth Buying At The Current Price
Feb 19Agree Realty declares $0.24 dividend
Feb 13Agree Realty: Perfect Macro Setup For This High-Quality Retail REIT
Feb 03Agree Realty declares $0.24 dividend
Jan 12Agree Realty: Hold On, There Are Better Choices
Dec 28Agree Realty declares $0.24 dividend
Dec 13Agree Realty: Another Dividend Hike For This Monthly Paying Net Lease REIT
Nov 13Financial Position Analysis
Short Term Liabilities: ADC's short term assets ($126.0M) exceed its short term liabilities ($91.1M).
Long Term Liabilities: ADC's short term assets ($126.0M) do not cover its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: ADC's net debt to equity ratio (51.4%) is considered high.
Reducing Debt: ADC's debt to equity ratio has increased from 50.1% to 51.7% over the past 5 years.
Debt Coverage: ADC's debt is not well covered by operating cash flow (15.3%).
Interest Coverage: ADC's interest payments on its debt are well covered by EBIT (3x coverage).